DIRS.INFO The most relevant business & tech news

☆ CNBC Daily Open: U.S. consumers' optimism wanes
▼ + stars: | 2024-03-27 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Cocoa prices soarCocoa prices are surging and this could impact consumers as the world struggles with a supply deficit. The cocoa futures contract for May delivery rose to an all-time intraday high of $10,080 per metric ton Tuesday. [PRO] ETFs that stand outGiven the market volatility, investors are looking to exchange-traded funds to position their portfolios.

Persons: Dow, Francis Scott Key, Richard Meade, Paul, Tim Cook, Vahan Janjigian Organizations: CNBC, Street, U.S, Nasdaq, Rabobank, Apple, Greenwich Wealth Management Locations: Port of Baltimore, U.S, Baltimore

☆ America’s largest companies are fueling inequality, says new study
▼ + stars: | 2024-03-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

About 90%, or $1.1 trillion, of that profit went to shareholders through stock buybacks and dividend payments, according to new research from anti-poverty organization Oxfam International. At the same time, the study found, only 10 of those 200 companies have made public statements in support of paying a living wage. For some of those companies, the average CEO-to-worker pay ratio is now above 1,500 to 1, the nonprofit confederation found. Oxfam’s study found that on average, pharmaceutical companies paid just 11.6% in taxes in 2022 (that’s down from 11.8% in 2021). Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to SEC filings.

Persons: —, we’ll, ”, Irit Tamir, Joe Biden, Donald Trump, Matt Egan, Devin Nunes, Dave Calhoun, Chris Isidore, Calhoun, Max Organizations: CNN Business, Bell, New York CNN, CME, Oxfam International, Oxfam, Corporations, Institute for Policy Studies, Tax, Truth Social, Trump Media, Trump Media & Technology Group, Corp, Digital, Trump, Nasdaq, Big Tech, ”, overvaluing Trump Media, SEC, Twitter, CNN, Boeing, CNBC, Alaska Airlines, Max Locations: New York, United States

☆ Jim Cramer shares his thoughts on Mastercard, Visa, Reddit, McCormick, Hershey and UPS
▼ + stars: | 2024-03-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Mastercard , Visa : The companies reached a settlement with merchants over swipe fees. "I think that Mastercard and Visa are both terrific stocks and this only makes them better." Reddit : Shares of the social media firm continue to rally since their initial public offering last week. McCormick : Shares surged nearly 10% after the spice maker delivered better-than-expected quarterly results and offered an upbeat guidance.

Persons: Jim Cramer's, They've, Jim Cramer, McCormick, Cramer, Brendan Foley Organizations: CNBC, Club, Mastercard, Visa, Hershey, BNP, United Parcel Service Locations: McCormick

☆ The Fed is going to make inflation worse with rate-cut promises, former central banker says
▼ + stars: | 2024-03-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed could be making inflation even hotter with its promises of rate cuts. That's according to former Fed Governor Kevin Warsh, who says the central bank is "goosing" the economy. AdvertisementThe Federal Reserve could be mucking up the economy with its promises that it will cut interest rates later this year, according to former central banker Kevin Warsh. Related stories"The Treasury Department, the Federal Reserve … are goosing this economy," Warsh said. "A Fed promising to cut rates even as asset prices are melting up."

Persons: Kevin Warsh, —, Warsh Organizations: Service, CNBC, Federal Reserve, Fed, Treasury Department, Federal

☆ Runaway government debt could sink markets and slam the economy, 2 watchdogs warn
▼ + stars: | 2024-03-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The US government's ballooning interest payments are eating a hole in its budget, they said. "We are headed toward record spending levels, record deficit levels, record debt levels, record interest payments — the list goes and on," Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, told Fox Business this week. While the US isn't at imminent risk of that kind of chaos, bond markets could "snap back" if the government's interest payments soar to $1 trillion in 2026 as expected, Swagel said. AdvertisementHowever, she noted that some experts on Wall Street were "incredibly worried" about the national debt and interest payments. DoubleLine Capital CEO Jeffrey Gundlach has also sounded the alarm on debt payments.

Persons: —, MacGuineas, Philip Swagel, Liz Truss, Swagel, bitcoin, Jim Rogers, George Soros, He's, Jeffrey Gundlach Organizations: Investors, Service, Federal Budget, Fox Business, Congressional, Office, Financial Times, Bank of, CBO, Wall, DoubleLine

☆ A 71-year-old Californian explains why she's one of many boomers reluctant to sell their large homes and downsize — and it has nothing to do with money
▼ + stars: | 2024-03-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Like Frieden, they're having a hard time finding what they need on the market. Frieden says she's surprised developers aren't doing more to meet the demand, particularly at the higher end of the market. Empty-nest boomers now own twice as many large homes as millennials with kids do, according to a recent Redfin analysis. This is making it even harder for millennials and households with kids to break into the market or upsize their homes. AdvertisementThis misallocation of housing — and shortage of larger condos and apartments — will become increasingly urgent as boomers age in homes that aren't ideal — or even safe — for them.

Persons: Deborah Frieden, —, they've, Frieden, they're, they'd, Joe's, she's, I've, Daryl Fairweather Organizations: Service, BI Locations: Oakland , California, Lake Merritt, Frieden

☆ Opinion: Trump’s image is on the line
▼ + stars: | 2024-03-24 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. … Deals are my art form.”Having a lot of money distinguished him from other presidential candidates, Trump contended. ‘I don’t need anybody’s money,’ Trump said in his June 2015 presidential campaign announcement.”“Now Trump needs money, a lot of it. In July 2006, she met Trump at a celebrity golf tournament and says that the two had sex that weekend. “Whatever the Fifth Circuit and Supreme Court decide next, the question for President Joe Biden is what to do now,” wrote Lawrence Downes.

Persons: Charles Dickens, “ David Copperfield, Micawber, ” Micawber, “, Dickens, Donald Trump, Letitia James, Trump, he’ll, ”, Tony Schwartz, I’ve, Frida Ghitis, ’ Trump, … Dana Summers, Joe Biden’s, Julian Zelizer, Biden’s, ” Bill Bramhall, Stormy Daniels, Peacock, Ana Marie Cox, Daniels, she’s, Peter Navarro, He’s, Mike Johnson, Kevin McCarthy, House Republicans —, Matt Gaetz ’, Marjorie Taylor Greene, Johnson, Clay Jones, Paul Sracic, Fareed Zakaria, Biden, Peter Bergen, Bashar al, Assad, ” Bergen, Vladimir Putin, Richard Aboulafia, ” David Horsey, Joann, Lynda Gorov, it’s, ” Kate Middleton’s, Princess, Wales, Sara Stewart, Kate, that’s, she’ll, Joe Biden, Lawrence Downes, “ Biden, Greg, Abbott, ’, ” Downes, Trump’s, Jared Kushner, Kushner, Donald Trump’s, Aseel Mousa, Drew Sheneman, Max Besbris, ” Besbris, Linda Thomas, Greenfield, Thomas, Eleanor Roosevelt, ‘, ” Don’t, Grace Elizabeth Hale, Elizabeth Yuko, Avi Weiss, Jennifer Jones, Jill Filipovic, Christine Blasey Ford Derrick Johnson, Peter Rutland, Holly Thomas, Lily Allen, Mary Ziegler, Lanhee Chen, Steve Garvey, Adam Schiff, Patricia Grisafi, Caitlin Clark Walt Handelsman, Caitlin Clark, Amy Bass, Kamilla Cardoso, UCLA’s Kiki Rice, ’ ” Clark, Bass, Pete ’ Maravich, Court, Serena Williams, Clark, Maravich …, — Organizations: CNN, New, Trump, Agency, Twitter, Save, Maga Inc, Biden, Content Agency Trump, House Republicans, Rep, Ohio GOP, Russia ISIS, ISIS, Boeing, Airbus, Crafts, Boys, BBC Studios, Circuit, Texas Gov, Abbott, of Justice, Texans, Harvard, National Association of Realtors, United Nations, “, University of Iowa, ESPN, Iowa Hawkeyes, NCAA Division Locations: Save America, New York, Baton Rouge , Louisiana, Ohio, Russia, Moscow, Iraq, Syria, Syrian, “, Iran, Afghanistan, ”, Ukrainian, Windsor, ” Texas, Texas, Gaza, Southern, Rafah, Egypt, Israel, Gaza City, Al, Grace Elizabeth Hale : Mississippi, ‘, California

☆ Opinion: Once folks like me ditched our sewing machines, Joann Fabrics never stood a chance
▼ + stars: | 2024-03-22 | by ( Opinion Lynda Gorov | ) edition.cnn.com time to read: +6 min

The lockdown saw sales of sewing machines soar and stock sell out. Most people (OK, most women) who attended public junior high schools in the 1960s, 1970s or even 1980s learned at least basic sewing skills and could advance them with elective classes in high school. After all, Joann, known as Jo-Ann Fabrics back when home sewing was more in style, is reorganizing its finances, not closing its 800-plus stores nationwide. Run in to get thread, run out with just the right shade of blue. They learn online, they shop for materials online, and they sell their homemade wares online.

Persons: Lynda Gorov, CNN —, Lynda, Joann, That’s, Jo, Ann, grandma, He’d, — Organizations: CNN, Crafts, Boys, Twitter, Facebook Locations: Los Angeles, Ukrainian, Chicago

☆ Reddit pops 48% in NYSE debut after selling shares at top of range
▼ + stars: | 2024-03-21 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +5 min

Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. Reddit and selling shareholders raised about $750 million from the offering, with the company collecting about $519 million. This year, Reddit said it plans to recognize roughly $66.4 million in revenue as part of its data licensing deals. Google has also entered into an expanded partnership with Reddit, allowing the search giant to obtain more access to Reddit data to train AI models and improve its products. "I hope they believe in Reddit and support Reddit," Huffman told CNBC in an interview on Thursday.

Persons: Steve Huffman, Lynn Martin, Reddit, Pinterest, Klaviyo, Pinterest's, it's, Alexis Ohanian, Huffman, Redditors, Sam Altman, Condé Nast, Altman's, Altman Organizations: New York Stock Exchange, Astera Labs, Nasdaq, Meta, Google, Reddit, Federal Trade Commission, FTC, Companies, CNBC, GameStop, Tencent, Advance Magazine Publishers Locations: New York, It's, Reddit

☆ The 2 most important things you need to learn in your first few jobs to advance your career faster
▼ + stars: | 2024-03-18 | by ( Henry Blodget | ) www.businessinsider.com time to read: +6 min

But what really matters early in your career is learning 1) what you're naturally good at, and 2) what you most like and want to do. But in my experience, skills are not the most important things you should try to learn in your first few jobs. What you're naturally good atWe're all gifted at some things and lousy at others. AdvertisementBut the most common and simplest formula for success is this:Do something you're naturally good at that you like doing. (Among other things, it revealed why I didn't like — and was bad at — an early production-assistant job at CNN).

Persons: —, we're, Malcolm Gladwell, It's, Henri, what's Organizations: Service, CNN

☆ Home prices likely to keep rising even as lower mortgage rates bring more supply, according to BofA
▼ + stars: | 2024-03-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Existing home prices should keep climbing when mortgage rates slide, Bank of America said. The number of existing home sales on offer fell last year as mortgage rates rose and sellers opted to wait it out to hold onto lower rates they locked in years ago. "As of January, the median sales price of existing single-family homes had grown 5% y/y, while the price for new single-family homes fell 3% y/y." AdvertisementSo far in 2024, mortgage rates have come down from multi-year highs seen last October, falling to 6.74% this month. January's existing home sales were the highest since August, and even small declines in mortgage rates are enough to encourage bursts of activity.

Persons: —, It's, Redfin, Skylar Olsen Organizations: of America, Service, Bank of America, CNBC

☆ Bitcoin could soar 266% to $250,000 next year if ETF inflows stay strong, Standard Chartered says
▼ + stars: | 2024-03-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Bitcoin could reach $250,000 in 2025, Standard Chartered's Geoff Kendrick predicted. That's as long as spot ETF inflows remain strong, and reserve managers begin buying crypto. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBitcoin could surge to as high as $250,000 in 2025, propelled by the success of spot ETFs and growing interest from reserve managers, Standard Chartered's Geoff Kendrick forecast in a note on Monday. Such a stellar rise is likely if fund inflows remain as strong as they are, the firm said.

Persons: Geoff Kendrick, That's, —, Bitcoin Organizations: Service, FX, Business

☆ The Foreign Language That Changed My Teenage Son’s Life
▼ + stars: | 2024-03-17 | by ( Paul Tough | ) www.nytimes.com time to read: +1 min

Max was always a shy kid, slow to warm up to new people and content to spend long stretches on his own. But when he got to school in the morning, it was like a curtain came down between him and the world. A new subject came along in those pandemic years to once again capture his imagination: birds. Maybe creatures that could fly and soar were an appealing notion during endless lockdowns, or maybe birds were just another vast universe for him to map. Max borrowed bird books from the library and lay in bed reading them, absorbing facts and patterns, gathering arcane knowledge.

Persons: Max, didn’t Locations: Texas

☆ Liverpool’s quadruple dream comes to an end in FA Cup quarterfinal thriller against Manchester United
▼ + stars: | 2024-03-17 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +5 min

CNN —Liverpool’s chances of a historic quadruple in Jürgen Klopp’s final season at the club are over after falling to a 4-3 extra time defeat against bitter rival Manchester United in a frenetic FA Cup quarterfinal. Goals from Scott McTominay, Antony, Marcus Rashford and Amad Diallo gave United the win in a topsy-turvy FA Cup classic at Old Trafford in Manchester. “The first 35 minutes I think was the best minutes from our season,” United manager Erik ten Hag told the ITV broadcast after the game. In a game as hectic as this though, no lead was ever truly safe, as United proved in the second half of extra time. United fans were treated to a win in a chaotic cup tie.

Persons: CNN —, Scott McTominay, Antony, Marcus Rashford, Amad Diallo, Harvey Elliott, “, Erik ten Hag, ” United's Alejandro Garnacho, Paul Ellis, ” Klopp, Caoimhin Kelleher – deputizing, Alisson –, Dominik Szoboszlai, United ‘, Andre Onana, Alejandro Garnacho’s, Kelleher, Klopp’s, Wataru Endo, Mohamed Salah, Alexis Mac Allister, Darwin Núñez, Onana, Mac Allister, Stu Forster, Núñez, Salah, Michael Regan, Christian Eriksen, Rashford, slotting, Diallo Organizations: CNN, Manchester United, United, turvy, Old, Carabao, Chelsea, ”, ITV, Liverpool, Getty, raptures, Red Devils, English, Coventry City, Premier League, Manchester City, Newcastle United, Leicester City Locations: Klopp’s, Old Trafford, Manchester . Liverpool, AFP, Núñez, United, Chelsea

☆ Beyoncé's country songs are bringing new listeners to the genre, boosting streams for Black artists
▼ + stars: | 2024-03-16 | by ( Micah Washington | ) www.cnbc.com time to read: +8 min

While some music critics praised Knowles' country tracks, other fans of the genre refrained from a warm welcome. Beyond just radio, Black artists and artists of color represented less than 4% of country songs played on the radio, airplay, charting songs, artists signed to major labels and award nominations, according to SongData. One such fan, Tenley Patterson, 26, said she didn't bother listening to country music before Beyoncé's releases, but was impressed with the country tracks. Rachel Whitney, head of editorial for the Nashville team, said playlists outside of the country genre are playing Knowles' country tracks, broadening its reach. The Beyoncé draw is also boosting exposure for other artists on some lists, like Lainey Wilson and Cody Johnson, who have more "traditional" country songs, Whitney said.

Persons: Beyonce, James Devaney, Cowboy Carter, Beyoncé Knowles, Tanner Adell, Mickey Guyton, Reyna Roberts, Knowles, Alice Randall, Randall, —, Rhiannon Giddens, hasn't, Jocelyn Neal, Maren Morris, Luke Combs, Kacey, Lil Nas, Nas X, Tim Mosenfelder, Neal, Knowles —, Taylor Swift, Beyoncé, George Bush, Tenley Patterson, I've, Patterson, It's, there's, Z, Rachel Whitney, Lainey Wilson, Cody Johnson, Whitney, Kevin Mazur Organizations: Scott, New York, Spotify, The New York Times, Radio, University of North, NBC, Houston, CMA, Republican, Nashville, Crypto.com Arena, The Recording Academy Locations: Brooklyn, New, New York City, U.S, Texas, an Oklahoma, University of North Carolina, San Francisco , California, Iraq, Los Angeles , California

☆ Fast-food diners are using loyalty apps to get deals on cheap — or free — food as prices soar
▼ + stars: | 2024-03-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

More diners are using restaurant loyalty apps to get cheap or free food. AdvertisementDiners are turning to fast-food loyalty apps for cheaper meals as years of price hikes catch up with customers. Many restaurant apps give diners points based on how much they spend, which can be redeemed for free food. AdvertisementPeople on Reddit say they're using loyalty apps to save money and get free meals. Some restaurant apps give diners points based on how much they spend.

Persons: McDonald's, —, Wendy's, Taco Bell, I've, Chipotle Martin Jennings, Jennings, Warren Colehour, Sharon Zackfia, William Blair, Annie Smith, Chris Kempczinski, Joe Erlinger, Erlinger, Laxman Narasimhan, Brady Brewer Organizations: Starbucks, Service, Bell Locations: Florida, Kentucky, Canada

☆ Players Championship: Wyndham Clark’s ‘duff’ into dreaded 17th hole waters allows Xander Schauffele to nudge ahead
▼ + stars: | 2024-03-16 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

CNN —Xander Schauffele capitalized on Wyndham Clark splashing a horror shot into the waters of the fabled 17th hole at TPC Sawgrass to nudge into a one stroke lead and tee up a grandstand finish at The Players Championship. “Why would you not tee the ball up when you can?” questioned Sky Sports Golf broadcaster Ewen Murray. Clark became the latest golfer to fall foul to the 17th hole. After matching Schauffele’s par at the last hole to sign off his two-under 70 round, Clark remains within striking distance of the $4.5 million winner’s purse. Having battled through a neck injury for most of his second round, Scheffler shot 68 as he bids to become the first golfer to ever win back-to-back Players titles.

Persons: Xander Schauffele, Wyndham Clark, Clark chunked, ”, Ewen Murray, “ He’s, Laura Davies, Clark, Lynne Sladky, Clark –, “, ” Clark, that’s, ’ ” Clark, John Ellis, “ I’m, Mike Ehrmann, Schauffele, Brian Harman, ” Harman rued, ” Harman, Jared C, Tilton, McIlroy England’s Matt Fitzpatrick, McNealy, Scottie Scheffler, Scheffler, Rory McIlroy’s, Webb Simpson, Justin Ray, It's, Simpson, McIlroy Organizations: CNN, PGA Tour’s, Sports, Getty, Northern, McIlroy Locations: Clark, “, Florida

ATLANTIC CITY, N.J. (AP) — Internet gambling revenue continues to soar in New Jersey, where online casinos are accounting for a growing share of the betting pie: Atlantic City's casinos and their online partners won $182 million in internet bets in February. But the news was not all good: Atlantic City's nine casinos won $211.5 million from in-person gamblers, down 1.6% from a year earlier. Bally's won nearly $19 million, up nearly 5%; Harrah's won $18.7 million, down 11%; Caesars won $16.2 million, down 15.5%; and Resorts won $12.1 million, down 4.3%. In terms of in-person revenue, Borgata won $53.6 million, down 6.7%; Hard Rock won $41.1 million, up 9.6%; Ocean won over $31 million, up over 18%; Harrah's won $18.2 million, down 14.7%; and Tropicana won $16.6 million, down 3.1%. Caesars won $16.4 million, down 13.7%; Resorts won $12.2 million, down 3.6%; Golden Nugget won $11.6 million, up 4:, and Bally's won $10.6 million, down over 13%.

Persons: ”, Jane Bokunewicz, Bally's, Harrah's, Borgata, Wayne Parry Organizations: CITY, of Gaming Enforcement, Atlantic, Atlantic City, Golden, Ocean, Tropicana, Caesars, Resorts, Resorts Digital, Caesars Interactive Entertainment Locations: N.J, New Jersey, www.twitter.com

☆ Navy SEALs on snowmobiles raced across the frozen Arctic to link up with an attack sub that broke the ice during a special ops first
▼ + stars: | 2024-03-15 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

US Navy SEALs and allied commandos successfully executed a first-of-its-kind Arctic Circle drill recently. Over 400 special operations forces delivered a package to the submarine USS Hampton. Previously, the US had less of a focus on the Arctic, but with Russia and China taking up an increased presence in the region, the US now has more interest in pursuing Arctic training. AdvertisementSEALs and Norwegian Naval Special Operations Commandos are pictured next to the Los Angeles-class attack submarine USS Hampton (SSN 767) while two MH-47G Chinook helicopters, assigned to the 160th Special Operations Aviation Regiment (Airborne), hover overhead during an joint submarine/special operations forces integration exercise. US and allied military personnel training in the Arctic must work through temperatures below -40 degrees Fahrenheit.

Persons: —, Bill Gallagher, Jeff Atherton, Martin Carey Organizations: US Navy, Service, US Army Green Berets, 160th SOAR, Warfare, 109th Airlift, New York Air National Guard, Special Operations Commandos, 160th Special Operations Aviation Regiment, . Troops Locations: Hampton, Los Angeles, Norway, Canada, Denmark, United Kingdom, Alaska, Greenland, Russia, China

☆ Democrats cite AI gains and automation in Senate bill calling for 32-hour workweek
▼ + stars: | 2024-03-14 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +4 min

Sen. Bernie Sanders and Senate Democrats cited advances in artificial intelligence and automation Thursday as they argued for a new bill that would mandate a 32-hour federal workweek. "The sad reality is Americans now work more hours than the people of any other wealthy nation," the Vermont independent later said. The bill introduced by the committee chair Sanders and Sen. Laphonza Butler, D-Calif., would gradually reduce the standard workweek from 40 hours to 32 hours over four years. Sanders and Democrats at Thursday's hearing said that reducing the workweek would allow people to spend more time with family and on hobbies. "This would be napalm upon the fire of inflation," said Sen. Bill Cassidy of Louisiana, and the ranking Republican on the Health, Education, Labor and Pensions Committee.

Persons: Bernie Sanders, Sen, Bill Cassidy, Sanders, Laphonza Butler, Mark Takano, Jamie Dimon, Bill Gates, Chris Murphy, Conn, Bill Cassidy of, Mike Braun, Juliet Schor, Schor, Jon Leland, Leland, Liberty Vittert, Vitter, Vittert, St . Louis, Cassidy, They're Organizations: Health, Education, Labor, Pensions, Employers, Representatives, JPMorgan, Microsoft, Republican, Boston College, Washington University Locations: Dirksen, Washington , DC, Vermont, D, Bill Cassidy of Louisiana, Indiana, St .

☆ Goldman loves these stocks but the rest of Wall Street does not
▼ + stars: | 2024-03-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Investors who take the risk of owning certain unloved stocks could see outperformance down the road, according to Goldman Sachs. This basket of stocks consists of buy-rated names on which the firm's analysts are out of line with the rest of Wall Street. Here are a few of Goldman's differentiated buy names. About a quarter of analysts covering the stock have given it a buy or strong buy rating, according to LSEG. The pet retailer has buy or strong buy ratings from about one-third of Wall Street analysts covering the name, per LSEG.

Persons: Goldman Sachs, Warren Buffett, Goldman, Deep Mehta, Instacart, Petco, Ron Coughlin Organizations: Investors, The New York Times, Citi, Capital, JPMorgan, Petco, Wall Street Locations: 2024E

☆ Market doomsayer Jeremy Grantham says stocks are at 'illogical and dangerous' levels — and warns the AI bubble will pop
▼ + stars: | 2024-03-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

US stocks are priced for perfection in an "imperfect and dangerous" world, Jeremy Grantham said. The top investor said AI could be bigger than the internet but the initial bubble would likely pop. AdvertisementStocks are dangerously overvalued and poised to disappoint, the AI bubble is bound to burst, and a recession appears likely, Jeremy Grantham has warned. Yet he said the rollout of ChatGPT "rudely interrupted" that process by inflating a whole new bubble around AI. "So it is likely to be with the current AI bubble," Grantham said, predicting it would "at least temporarily deflate and probably facilitate a more normal ending to the original bubble."

Persons: Jeremy Grantham, Grantham's, —, Grantham, there's Organizations: Service Locations: Europe, Asia

☆ Layoffs could be coming as debt-laden firms navigate the pain of higher rates, economists say
▼ + stars: | 2024-03-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

That's because aggressive Fed rate hikes haven't been fully felt across the economy. AdvertisementA wave of layoffs could be coming as companies deal with the reality of higher interest rates, economists say. The peak unemployment rate during the Great Recession was 10% in 2009. Following revisions to the prior two months' figures, the unemployment rate also rose to 3.9% in February, its highest level in two years. The unemployment rate is a classic lagging indicator."

Persons: David Rosenberg, —, what's, Steve Briggs, Briggs, Rosenberg Organizations: Service, Rosenberg Research, Briggs, Bureau of Labor Statistics, Fitch

☆ Oracle shares soar 13% on better-than-expected quarterly earnings
▼ + stars: | 2024-03-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Oracle reported quarterly earnings on Monday that exceeded Wall Street's expectations. Analysts were expecting $1.64 in adjusted earnings per share, according to LSEG. The company's cloud revenue, which is reported as part of the cloud services unit, rose 25% year-over-year to $5.1 billion, Oracle said. Prior to Monday's report, Oracle shares were up 8.7% for the year, slightly outperforming the S&P 500.

Persons: Larry Ellison, Oracle, Safra Catz, Catz, Ellison Organizations: Oracle Corp, Oracle, Revenue, Microsoft Locations: San Francisco, LSEG

☆ Chip stocks soar — plus, this lagging industrial is due for a catch-up trade
▼ + stars: | 2024-03-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. In fact, about half of the S & P 500's industrial stocks have hit records high since the start of 2024. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Powell, Jerome Powell, Jim, Shrugging, Eli Lilly, It's, Lilly, Cramer, Linde, TJ Maxx, we'll, Jim Cramer's, Alwyn Scott Organizations: CNBC, Federal, Qualcomm, Broadcom, Nvidia, Arm Holdings, Devices, Novo Nordisk, Club, Palo Alto, Palo, Honeywell, Aerospace, Berenberg, Eaton Corp, Burlington Stores, Marshalls, TJX Companies, Costco, Marvell Technology, Inc, Bloomberg, Jim Cramer's Charitable, Honeywell Aerospace Locations: cybersecurity, America, Phoenix

Search resuls for: "Soar"

25 mentions found